Procurement is one of the major activities in the flow of supply chain execution. The role of a purchasing manager is to source, to select, to establish working relationship with, to coach, and to do business with a supplier. Equally important, he/she needs to proactively to work with internal and external counter-parts to define the reasonable total cost of ownership and achievable quality level. The term "supply management" is widely used in large MNC as to hint the importance of procurement function in supply chain management.
As a practitioner, procurement function may be a good source of indurtrial information to a company. Your supplier may be also a supplier to your competitors. They may be your competitor also. Purchasing manager has to keep close contact with your friendly suppliers, not only to expedite a delivery, to negotiate a cost-down, to measure their delivery, service, cost performance; but also check out with them on their first hand infomation with the market and industry.
There are a lot of topics on procurement: lean procurement, strategic procurement, JIT procurement, e-procurement, resource-based procurement, and you can name a few more. To the environmental concern (or more a concern of your marketing/sale management to be qualified as a green supplier to your customer), green procurement (RoHS and lead-free) is a standard requirement for a company to supply non-toxin raw materials to your production line.
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